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XAU/USD & XAG/USD - Gold & Silver Traders Thread

  • #13,861
  • Dec 4, 2011 7:31pm Dec 4, 2011 7:31pm
Looks like q3 is comming guys january
  • #13,862
  • Dec 4, 2011 11:15pm Dec 4, 2011 11:15pm
Hi fellas and gals - shout to Cath S!

In any case back at 1745.

wE did make a new high though. now we need a decisive B R E A K
of 1750....

Trade safe with stops and triggers.

Night. Back hurts.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #13,863
  • Dec 5, 2011 5:44am Dec 5, 2011 5:44am
Quoting XTrade
Hi fellas and gals - shout to Cath S!

In any case back at 1745.

wE did make a new high though. now we need a decisive B R E A K
of 1750....

Trade safe with stops and triggers.

Night. Back hurts.
Seems to me a break above 1750 is hard to sustain . So do we expect a retest of 1700s before it resumes up again?
  • #13,864
  • Dec 5, 2011 6:32am Dec 5, 2011 6:32am
I am seeing a snake head forming in the chart, what does it mean?
  • #13,865
  • Dec 5, 2011 6:45am Dec 5, 2011 6:45am
Quoting giantgroup
Seems to me a break above 1750 is hard to sustain . So do we expect a retest of 1700s before it resumes up again?
Yes we may expect it
  • #13,866
  • Dec 5, 2011 6:54am Dec 5, 2011 6:54am
Quoting forexfacts
I am seeing a snake head forming in the chart, what does it mean?

Sorry Forexfacts... pardon my ignorance but, What do you mean by a Snake head??
  • #13,867
  • Dec 5, 2011 7:18am Dec 5, 2011 7:18am
Quoting Goldmansacks
Sorry Forexfacts... pardon my ignorance but, What do you mean by a Snake head??

I am attaching the pic, just behind Batman's back you can see a snake rising !! or is it just me

Attached Image (click to enlarge)
Click to Enlarge Name: gold (1).gif Size: 17 KB
  • #13,868
  • Dec 5, 2011 7:20am Dec 5, 2011 7:20am
Perhaps today we can gun through 1750 and MAINTAIN it!

Long Aussie and Kiwi

Scalping short U/Cad and Swissy if she'll give up any pips.

running out soon.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #13,869
  • Dec 5, 2011 7:24am Dec 5, 2011 7:24am
Quoting XTrade
Perhaps today we can gun through 1750 and MAINTAIN it!

Long Aussie and Kiwi

Scalping short U/Cad and Swissy if she'll give up any pips.

running out soon.
Jeepers you weren't gone long - hope the back is better
  • #13,870
  • Dec 5, 2011 7:26am Dec 5, 2011 7:26am
Stay long.

Rest of trading will be via phone. Although I probably wont touch my positions.

I keep breaking my own rule and taking profit from London before NY.

Instead of just continuously rolling the positions.

Except for Gold I don't touch that plus it's on a different account I can't tamper with via phone.

Next conquest try to post via phone.

Wish u guys luck.

See ya later.
X
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #13,871
  • Dec 5, 2011 7:27am Dec 5, 2011 7:27am
Quoting Goldmansacks
Sorry Forexfacts... pardon my ignorance but, What do you mean by a Snake head??
??????????????????????
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #13,872
  • Dec 5, 2011 7:28am Dec 5, 2011 7:28am
Quoting XTrade
Perhaps today we can gun through 1750 and MAINTAIN it!
Hi X, Any particular reason you think we'll get a run back up today after this morning's retrace? currently 1733 down from 1748 last night.
  • #13,873
  • Dec 5, 2011 7:30am Dec 5, 2011 7:30am
Quoting jaimini
What i can say is price is compressing now @ supply so possible fall to next demand b/w 1720-1725
but this is gold and anything can happen.
this is why i'm staying out of this and focusing on currencies for supply/demand learnings
coudn't hold my self and I took position today now +10$ and expecting 1720-1725
  • #13,874
  • Dec 5, 2011 7:59am Dec 5, 2011 7:59am
Quoting XTrade
??????????????????????
Are we talking Cobra pattern? just checking
  • #13,875
  • Dec 5, 2011 8:14am Dec 5, 2011 8:14am
Quoting Goldmansacks
Are we talking Cobra pattern? just checking
Yes, thats very dangerous, very very dangerous, i smell cobras ? ? ? ? just look at the chart now i see a turkey

Edit: Attention X trade, please dont mind, this is the happy way of chart reading

Edit No. 2: I have designed it for those who sit at the end of the class and could not understand Bemac
  • #13,876
  • Dec 5, 2011 8:21am Dec 5, 2011 8:21am
Quoting forexfacts
Yes, thats very dangerous, very very dangerous, i smell cobras ? ? ? ? just look at the chart now i see a turkey

Edit: Attention X trade, please dont mind, this is the happy way of chart reading
Do you find these Gartley patterns reliable? Cobra, hooks etc?
  • #13,877
  • Edited 8:59am Dec 5, 2011 8:28am | Edited 8:59am
Quoting Goldmansacks
Do you find these Gartley patterns reliable? Cobra, hooks etc?
Let this be our study, we are all here to learn, these patterns are very important and we should name them before They do!

Edit: Do you see that small zigzag going on, it indicates stability !

Edit No 2: Now can you see an almost straight line going up at around 80 degrees, this means They are pumping it more !

Edit No 3: But never forget that Turkey we left behind, it also indicates a possibility of fraud, but also point to be noted is that it was not a full Turkey so do not take it 100%

Edit No 4: We can see a Cobra head in the making, it indicates danger, so play safe.

Edit No 5: Cobra head is looking at a cliff, not you, so it is less dangerous now.

Edit No 6: It is 50 - 50 now, remember the small Turkey behind? it is holding the Cobra from climbing that cliff.
  • #13,878
  • Dec 5, 2011 9:04am Dec 5, 2011 9:04am
weekly chart
Attached Image
  • #13,879
  • Dec 5, 2011 11:34am Dec 5, 2011 11:34am
hmm this current level is demand yet used up +3 times if this breaks....

then we are on to 1715


zone looks invalidated but to early to say so for now

woudl love to see below this level
prediction in price is right and time as well. based on time i am late a day but alas its good to see 100+ profit



live trade
Attached Image (click to enlarge)
Click to Enlarge Name: gold rush.gif Size: 111 KB
Have I got something on my face, SOLDIER?
  • #13,880
  • Dec 5, 2011 11:41am Dec 5, 2011 11:41am
Today is the first day in some time where stocks are up, GOX is up, DXY is down and Gold is still down? The price action does make sense considering the large move last week but it's still strange with the recent correlation to stocks.
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